SCS approves settlement with City of Memphis

The Shelby County School Board approved a settlement with The City of Memphis, after a six-year lawsuit.

The court ordered the city to pay then Memphis City Schools $57 million, after the Memphis City Council voted to cut that money from the budget in 2008 saying city residents were double-taxed for city and county schools.

Tuesday night's vote means the city will pay SCS a total of $41 million.

The money will come from several different sources, including $3.8 million from Capitol Improvement construction funds and $8 million from bond debts.

The district would also get a $1.3 million credit for Memphis police services.

Another $8 million would come from the city's general reserve account and will be paid to SCS next month.

$20 million would be paid out over 15 years starting in February 2016.

(Photo by Evan Agostini/Invision/AP, File). FILE - In this May 22, 2018 file photo, actor Morgan Freeman attends the 2018 PEN Literary Gala in New York. Freeman is apologizing to anyone who may have felt “uncomfortable or disrespected” by his behavior....

Actor Morgan Freeman has apologized for making anyone feel uneasy, in the wake of a CNN report in which multiple women accused him of sexual harassment or inappropriate behavior.More >>

Actor Morgan Freeman has apologized for making anyone feel uneasy, in the wake of a CNN report in which multiple women accused him of sexual harassment or inappropriate behavior.More >>